Latvian Mobile Phone

What Latvian Mobile Phone does

Latvian Mobile Phone (Latvijas Mobilais Telefons SIA, branded LMT) is Latvia's largest mobile telecommunications operator, founded in 1992 and headquartered in Riga. The company provides mobile voice, SMS, and data services, home internet, smart television (Viedtelevīzija) bundled with HBO Max and Netflix, IoT connectivity, and consumer electronics retail through its e-veikals e-commerce storefront and physical LMT customer centers across Latvia. It operates 4G/5G/LTE infrastructure with VoLTE, VoWi-Fi, and eSIM capabilities, and runs Europe's first 5G military testbed at the Ādaži NATO base, positioning the company as both a commercial telecom operator and a defense communications provider.

The underlying technology stack includes proprietary mobility analytics derived from anonymized network flow data (used for traffic, tourism, and urban planning), a dedicated IoT connectivity platform, the LMT Geo geospatial service, and a tactical 5G defense network developed in partnership with Nokia. LMT coordinates the VANTAGE project, a six-country European consortium funded by the European Defence Fund (approximately €11 million) to develop modular VTOL tactical drones with autonomous capabilities. The company is one of three entities tasked with developing IT systems for Latvia's 2026 Saeima parliamentary elections and leads the VIKI platform uniting 30 Latvian state and municipal capital companies for innovation in 2026.

LMT's business model combines recurring subscription revenue (postpaid plans such as Brīvība+Neatkarība at €30.98/month, family bundles at €19.98/month for 3+ lines, student and senior discounts), prepaid card sales, hardware/device sales with installment financing (Nomaksas, Iespēju līgums, Atvērtais līgums), IPTV/streaming bundles, enterprise IT services (LMT Sistēmas), IoT connectivity, device insurance and trade-in, and defense-related R&D. Distribution is multi-channel: physical retail centers, the e-veikals online storefront shipped via DPD and Omniva, the Mans LMT self-service portal and mobile app, and dedicated business client centers. Customer segments include individual consumers (primary), business and enterprise clients (primary), and Latvian/NATO defense forces (secondary but strategically significant).

Name

Latvian Mobile Phone

Legal name

Latvijas Mobilais Telefons SIA

Website

https://lmt.lv

Company type

Private

Founded year

1992

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Latvian Mobile Phone (LMT) is Latvia's largest mobile telecommunications operator, providing mobile, home internet, smart TV, IoT, and defense-grade 5G services to consumers, enterprises, and NATO partners across Latvia.

Ownership category

akta.pro rank

Product category

Mobile Telecommunications Services

NAICS

Wireless Telecommunications Carriers (except Satellite) (517112), Wired and Wireless Telecommunications (except Satellite) (5171), Telecommunications (517)

SIC

Radiotelephone Communications (4812), Communications Services, Nec (4899)

akta.pro primary industry

Private LTE/5G Network Operators & Managed Services (HDAIAGAA)

akta.pro secondary industry

Wireless Networking Services (Wi‑Fi, Private LTE/5G) (BPAEAEAE)

Keywords

• Mobile telecommunications
• 5G network services
• Home internet broadband
• Smart television streaming
• IoT connectivity solutions

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Technology or R&D, Personnel, Marketing or Sales, Operations, Supply Chain

Revenue model

1. Mobile Telecommunications Services: LMT generates primary revenue from postpaid mobile subscription plans (e.g., Brīvība+Neatkarība at €30.98/month), prepaid card sales, and add-on services. Revenue includes domestic and international call/text charges and data usage fees. EEZ+ roaming agreements extend service pricing to Ukraine and Moldova as of 2026.
2. Home Internet Services: LMT offers home internet via 4G/5G wireless routers (Internets mājai) with monthly subscription plans, generating recurring revenue from residential broadband customers.
3. Device and Hardware Sales: LMT operates an e-commerce store (e-veikals) selling smartphones, tablets, televisions, smartwatches, accessories, gaming equipment, and other consumer electronics. Sales are one-time transactions with optional installment/financing plans (Nomaksas līgums, Iespēju līgums, Atvērtais līgums).
4. Smart Television Services: LMT Viedtelevīzija provides IPTV/smart TV services bundled with HBO Max and Netflix subscriptions, generating recurring subscription revenue from entertainment packages.
5. Enterprise IT Solutions: LMT offers business-focused services including LMT Sistēmas (full-cycle business analysis and IT solution development), Microsoft 365, mobile payments, and IoT connectivity solutions for enterprise customers.
6. Insurance and Device Services: LMT offers device insurance, trade-in programs (Atpirkums), and repair services through LMT Retail & Logistics, generating fees from device protection and resale value recovery.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Latvian Mobile Phone (LMT) is Latvia's leading mobile telecommunications operator providing mobile voice, SMS, and data services over a nationwide 4G/5G network, along with home internet (4G/5G wireless routers), smart television (IPTV with HBO Max and Netflix), and IoT connectivity. The company also sells consumer electronics through its e-commerce storefront (e-veikals) and physical customer centers, and offers enterprise IT solutions, mobility analytics, and 5G tactical defense networks for military use.

Differentiator

Problem solved

Functional benefit

Brands

• LMT Viedtelevīzija: Smart television streaming service offering HBO Max and Netflix content
• Mans LMT
• VIKI
• LMT Geo
• VANTAGE

Products and services

• Mobile Subscription Plans (Brīvība+Neatkarība and variants) Postpaid mobile subscription plans providing unlimited domestic calls, SMS, and high-speed 4G/5G data. Targeted variants for first-graders (Pirmklasniekam), school-age children (Skolēniem), youth (Jaunietim), seniors (Senioriem+), and family bundles. For individual consumers and families in Latvia.
• LMT Prepaid Card (LMT Karte)

Quantifiable outcome

• Network modernization in Kurzemė region: improved network quality in Kuldiga, Liepaja, and Salda
• +2 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability2 records

Feature4 records

Partnerships

13 partnerships are on record, tiered minor and core.

• LIAA (Investment and Development Agency of Latvia)minorStrategic or Co-development Partner · 14 May 2026LMT participated in the Latvia-Sweden Business Forum organized by LIAA in Stockholm, which drew over 200 participants and 130+ B2B meetings focused on defense, digital technology, and green innovation. LIAA led a Latvian delegation visit to Sweden including LMT and other Latvian companies.
• Swedish Companies and Defense IndustryminorStrategic or Co-development Partner · 14 May 2026Sweden is Latvia's largest foreign investor with €7.7 billion in accumulated investments and bilateral trade turnover of €2.6 billion in 2025. Sweden plans to deploy Archer artillery systems on Latvian soil and invest €500 million in drone and unmanned systems R&D in Latvia, under a defense cooperation roadmap. LMT participates in B2B meetings with Swedish companies in defense and digital technology sectors.
• VIKI (Valsts inovatīvo kapitālsabiedrību iniciatīva) — 30 Member OrganizationscoreStrategic or Co-development Partner · 10 March 2026LMT Group is the 2026 initiative leader of VIKI, a collaboration platform uniting 30 state and municipal capital companies in Latvia. VIKI's goals include fostering innovation culture, strengthening competitiveness and export, and ensuring efficient use of public capital. LMT coordinates VIKI's activities, manages the information platform, and drives shared priorities including export expansion.
• European Defence Fund (Consortium Partners)coreStrategic or Co-development Partner · 22 December 2025LMT leads the VANTAGE project, a six-country European consortium supported by the European Defence Fund with a budget of nearly €11 million. The project develops a modular, long-endurance VTOL unmanned platform for combat support based on Ukraine war experience, to enhance European defence capabilities.
• NokiacoreTechnology or Integration · 7 November 2025Nokia and LMT signed a strategic agreement to develop 5G-powered tactical defense networks specifically tailored for the Baltic defense market. The collaboration integrates Nokia's 5G radio technology with LMT's defense solutions to enable secure, high-speed, low-latency connectivity and real-time data exchange among unmanned vehicles, sensors, and military teams. The partnership builds on LMT's 5G military testbed at Ādaži base.
• UAV Navigation-Grupo OesíacoreStrategic or Co-development Partner · 18 June 2025UAV Navigation-Grupo Oesía was selected as a key technology provider for the European VANTAGE project, supplying advanced autonomous navigation systems for next-generation tactical VTOL drones. The project is coordinated by LMT and supported by the European Defence Fund.
• NetflixminorChannel Partner/ Reseller/ DistributorLMT offers Netflix as part of its bundled Viedtelevīzija + HBO Max + Netflix packages and as a standalone add-on service. Netflix content is distributed through LMT's smart TV platform and billing infrastructure.
• HBO MaxminorChannel Partner/ Reseller/ DistributorLMT offers HBO Max bundled with its Viedtelevīzija smart TV service and as a standalone add-on. HBO Max content is distributed through LMT's smart TV platform and billing infrastructure.
• XploraminorChannel Partner/ Reseller/ DistributorLMT sells Xplora smartwatches for children, including the XGO3 Gen 2 model, bundled with child-specific service plans (Pirmklasniekam, Skolēniem). Xplora devices are available through LMT's e-veikals and physical stores.
• DPD LatvijaminorChannel Partner/ Reseller/ DistributorDPD Latvija serves as LMT's logistics partner for e-commerce deliveries and returns, including courier delivery and parcel locker options (DPD paku skapis).
• OmnivaminorChannel Partner/ Reseller/ DistributorOmniva serves as LMT's logistics partner for e-commerce deliveries and returns via Omniva parcel lockets (Maxima X pakomāts).
• AppleminorChannel Partner/ Reseller/ DistributorLMT sells Apple devices (iPhones, iPads, Apple Watches, accessories) through its e-veikals and retail stores as an authorized Apple reseller.
• SamsungminorChannel Partner/ Reseller/ DistributorLMT sells Samsung devices (smartphones, tablets, televisions, smartwatches, accessories) through its e-veikals and retail stores as an authorized Samsung reseller.

Scale indicators6 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Tele2 Latvia: Direct domestic competitor in the Latvian mobile market, offering comparable postpaid/prepaid mobile plans, 4G/5G services, and consumer broadband. Closest head-to-head rival for LMT's core subscriber base.
• Bite Latvia: Third major MNO in Latvia's three-player mobile market, competing directly with LMT on consumer mobile, home internet, and bundled services. Most relevant price and ARPU competitor.

Regional players

• Telia Eesti: Incumbent MNO in neighboring Estonia, comparable in scale and role to LMT in Latvia: national mobile operator offering consumer mobile, broadband, and TV. Useful Baltic-market benchmark for ARPU, capex intensity, and convergence strategies.
• Elisa Eesti: Estonian mobile and broadband operator serving a similar Baltic consumer profile. Comparable on bundled mobile/home internet/TV offers and provides a Nordic-Baltic valuation benchmark.
• Tele2 Lietuva: Lithuanian arm of the Tele2 Group, the closest cross-border peer given Tele2's role in Latvia. Comparable mobile and fixed wireless broadband positioning in another Baltic state.
• Telia Lietuva: Listed Lithuanian operator of the Telia Company group providing mobile, broadband, and TV to consumers and enterprises. Comparable on convergence bundling and enterprise IT services relevant to LMT's diversification.
• Bite Lietuva: Lithuanian mobile operator within the same regional MNO competitive set as Bite Latvia. Comparable on subscriber scale, prepaid/postpaid mix, and value-segment positioning.

Broad incumbents

• Telia Company: Nordic-Baltic incumbent telecom group operating mobile and fixed networks across the region including Estonia and Lithuania. Relevant as a strategic benchmark for state-influenced or listed regional telecom operators with overlapping service portfolios.
• Tele2 AB: Parent of Tele2's Baltic operations and a large European MNO group. Comparable as a multi-country mobile operator with bundled broadband/TV and enterprise services and provides an indirect regional benchmark for LMT's M&A ambitions.
• Elisa Corporation: Finnic telecom group operating mobile and fixed networks across Finland and Estonia with digital services adjacencies. Comparable as a publicly listed regional operator with bundled consumer and enterprise offerings similar to LMT's portfolio.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/mansLMT
• Facebookfacebook.com/LatvijasMobilaisTelefons

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Latvian Mobile Phone